Thursday, March 19, 2009

Punishing AIG executives

The House of Representatives has passed a bill which will tax away the bonuses given to AIG. The Constitution prohibits Congress from passing laws specifically targeted at individuals. Such laws take away those individuals' right to a fair trial. If the Senate also passes this bill, President Obama says he will sign it.

Although I think the bonuses are disgusting, my contempt for AIG is nothing compared with my contempt for Congress which provided for the bonuses in the stimulus bill and then diverts attention from its own incompetence by unconstituionally punishing those who got the bonuses!

This may not be the road to totalitarianism, but sometimes it sure feels like it.

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